Affirm Holdings, Inc.
For the period ended Jun 30, 2026. Filed Aug 27, 2026.
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FY2026 · Filed Aug 27, 2026
Contents
Consolidated Balance Sheets
(in thousands, except shares and per share amounts)
| June 30, 2026 | June 30, 2025 | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $1,630,038 | $1,354,455 |
| Restricted cash | 803,005 | 401,968 |
| Securities available for sale at fair value | 972,642 | 871,425 |
| Loans held for sale | 1 | — |
| Loans held for investment | 9,560,742 | 7,025,534 |
| Allowance for credit losses | (563,295) | (396,929) |
| Loans held for investment, net | 8,997,447 | 6,628,606 |
| Accounts receivable, net | 284,350 | 426,177 |
| Property, equipment and software, net | 685,834 | 572,637 |
| Goodwill | 524,452 | 534,156 |
| Intangible assets | 26,416 | 12,935 |
| Commercial agreement assets | 38,326 | 57,210 |
| Deferred tax assets | 1,467,036 | 13,929 |
| Other assets | 360,601 | 281,431 |
| Total assets | $15,790,148 | $11,154,929 |
| Liabilities and stockholders’ equity | ||
| Liabilities: | ||
| Accounts payable | $84,647 | $82,820 |
| Payable to third-party loan owners | 199,557 | 211,700 |
| Accrued interest payable | 28,568 | 24,465 |
| Accrued expenses and other liabilities | 199,493 | 157,272 |
| Convertible senior notes, net | 1,129,581 | 1,153,000 |
| Notes issued by securitization trusts | 5,331,229 | 4,833,855 |
| Funding debt | 3,333,248 | 1,622,808 |
| Total liabilities | 10,306,324 | 8,085,919 |
| Commitments and contingencies (Note 7) | ||
| Stockholders’ equity: | ||
| Class A common stock, par value $0.00001 per share: 3,030,000,000 shares authorized, 296,636,147 shares issued and outstanding as of June 30, 2026; 3,030,000,000 shares authorized, 284,378,565 shares issued and outstanding as of June 30, 2025 | 2 | 2 |
| Class B common stock, par value $0.00001 per share: 140,000,000 shares authorized, 40,539,552 shares issued and outstanding as of June 30, 2026; 140,000,000 authorized, 40,734,234 shares issued and outstanding as of June 30, 2025 | 1 | 1 |
| Additional paid in capital | 6,647,214 | 6,140,893 |
| Accumulated deficit | (1,127,025) | (3,056,818) |
| Accumulated other comprehensive loss | (36,368) | (15,069) |
| Total stockholders’ equity | 5,483,824 | 3,069,009 |
| Total liabilities and stockholders’ equity | $15,790,148 | $11,154,929 |
CONSOLIDATED BALANCE SHEETS, CONT.
(in thousands, except shares and per share amounts)
The following table presents the assets and liabilities of consolidated variable interest entities (“VIEs”), which are included in the consolidated balance sheets above. The assets in the table below may only be used to settle obligations of consolidated VIEs and are in excess of those obligations. The liabilities in the table below include liabilities for which creditors do not have recourse to the general credit of the Company. Additionally, the assets and liabilities in the table below include third-party assets and liabilities of consolidated VIEs only and exclude intercompany balances that eliminate upon consolidation.
| June 30, 2026 | June 30, 2025 | |
|---|---|---|
| Assets of consolidated VIEs, included in total assets above | ||
| Restricted cash | $343,284 | $192,638 |
| Loans held for investment | 9,361,243 | 6,828,758 |
| Allowance for credit losses | (529,895) | (365,656) |
| Loans held for investment, net | 8,831,348 | 6,463,101 |
| Accounts receivable, net | 2,969 | 3,032 |
| Other assets | 3,009 | 2,558 |
| Total assets of consolidated VIEs | $9,180,610 | $6,661,329 |
| Liabilities of consolidated VIEs, included in total liabilities above | ||
| Accounts payable | $— | $2,833 |
| Accrued interest payable | 28,234 | 23,998 |
| Accrued expenses and other liabilities | 4,589 | 2,797 |
| Notes issued by securitization trusts | 5,331,229 | 4,833,855 |
| Funding debt | 3,328,963 | 1,592,139 |
| Total liabilities of consolidated VIEs | 8,693,016 | 6,455,621 |
| Total net assets of consolidated VIEs | $487,594 | $205,707 |
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